OilXCoin

Circulation amount of OXC

The amount of OXC in circulation is dependent on ICO sales and the amount of claimed tokens from NFT sales. DeXentra, as the issuer of OXC, will continue to introduce further tokens into the market as the value of the token increases. The maximum number of tokens which can ever be in circulation is capped at 100 Million. 

How Is the OilXCoin Network Secured? 

The OilXCoin network is secured through a combination of robust blockchain technology, regulatory compliance, and advanced security features:

1. Ethereum Blockchain: OilXCoin is an ERC-20 token, leveraging the security and decentralization of the Ethereum network. Ethereum uses a proof-of-stake (PoS) consensus mechanism to validate transactions and secure the network against malicious activities.
2. Smart Contract Audits: OilXCoin's smart contracts have been audited by CertiK, a leading blockchain security firm. This ensures that the token's code is free from vulnerabilities and adheres to industry best practices for secure development.
3. Onchain AML Compliance: The token incorporates an advanced feature that tests wallet addresses involved in transactions against on-chain Anti-Money Laundering (AML) lists. This helps prevent illicit activities and ensures compliance with regulatory standards.
4. Regulatory Oversight: As a security token, OilXCoin secured regulatory approval for its prospectus by Finanzaufsichtsbehörde Liechtenstein for an offering in select european jursidictions.
5. Future Regulatory Expansion: OilXCoin plans to achieve compliance with regulations in further jurisdictions. This proactive approach to regulation enhances trust and protects the network from potential legal and operational risks.

By combining blockchain technology, rigorous audits, compliance with financial regulations, and integrated AML features, OilXCoin establishes a secure and trustworthy ecosystem for its users and stakeholders.